22. August 2016
Source: The Wall Street Journal
The ultimate question facing Tim Cook five years into his tenure as chief executive: Are Apple’s best days behind it?
One of the most important succession plans in corporate history will hit a milestone this week.
Five years ago, Apple Inc.’s iconic and visionary co-founder Steve Jobs passed the torch to his handpicked successor, Tim Cook. The official transition took place six weeks before Mr. Jobs passed away.
Now Apple is the world’s largest company by market value and remains one of the most influential. Its $53 billion in net income last year was greater than the combined earnings of technology behemoths Facebook Inc., Google’s parent Alphabet Inc., Amazon.com Inc. and Microsoft Corp. Apple recently sold its billionth iPhone. Read the rest of this entry »
18. August 2016
Subject: 5 Things We Learned From This Mark Zuckerberg Interview
Including the best advice he’s received from Peter Thiel
Mark Zuckerberg, Facebook’s CEO and one of its co-founders, is widely praised as one of the tech industry’s most successful entrepreneurs. Zuckerberg started Facebook with a few friends as a 19-year-old student at Harvard as way for students to keep up with their classmates—and find out which of them are single, among other things. Today, Facebook is a $350 billion company with revenue of almost $18 billion in 2015.
So it’s not surprising that Y Combinator, the prestigious startup accelerator program, selected Zuckerberg as the first guest on its new video series, “How to Build the Future.” Here are some of the most interesting comments from the interview with Y Combinator president Sam Altman:
Yahoo’s acquisition offer in 2006 was a pivotal moment for Facebook
“One of the hardest parts for me was actually when Yahoo offered to buy the company for a lot of money. that was a turning point in the company,” said Zuckerberg. “It was the first time we had to look at the future and say, ‘Wow, is what we’re going to build be actually more meaningful than this?’” Read the rest of this entry »
15. August 2016
Source: The New York Times
Brian Krzanich, Intel’s chief executive, is scheduled to speak at the company’s Developer Forum in San Francisco this week.
Andy Grove, the renowned chief executive of Intel, who died in March, coined a phrase beloved in Silicon Valley: “Only the paranoid survive.”
That sounds cool, if you like your capitalism fierce. That idea, however, turns out to have some significant downsides.
Intel is the world’s biggest semiconductor company because when Mr. Grove was in charge, it dominated the personal computer industry and was an important player in the associated business in computer servers.
Today, the PC market is shrinking, hurting Intel’s profits. The server-chip industry is still strong, thanks to the rise of cloud computing at companies like Facebook and Google. Cloud companies engineer server chips in ways that make very powerful and flexible systems used by millions of people.
But Intel missed joining a number of other markets that did not look like the PC business, particularly smartphones. It is scrambling for a place in sensors (or what is called the internet of things), wireless networking, autonomous vehicles and other hot areas, as computing spreads from traditional computers to nearly every machine. Read the rest of this entry »
3. August 2016
Source: Technology Review
Chatbots are being prepped to take over many administrative tasks.
The next time you’re hired, you might find yourself getting information about payroll, vacations, and expenses by talking to a chatbot instead of consulting a handbook for new employees or talking to someone in HR.
A startup called Talla, based in Boston, is working on chatbots designed to help new workers get up to speed and be more productive. The company is using advanced machine learning and natural language processing techniques in an effort to create software that is smarter than the average bot. Read the rest of this entry »
28. July 2016
Source: Technology Review
A massive FCC spectrum release—and new advances in wireless technologies—accelerate an era of incredibly fast data.
Mobile data consumption is soaring, but a broad set of technology advances is poised to transform what today’s smartphones and other wireless mobile devices can do—ushering in high-resolution video and fully immersive, 3-D environments.
At the NYU Wireless lab in Brooklyn, students are testing prototype equipment—forerunners to next-generation phones—that are able to transmit a blazing 10 gigabits of data per second, all while moving around crowded courtyards.
And Samsung recently showed how a car traveling at 25 kilometers per hour could maintain a gigabit-per-second connection as the car moved in and out of range of mobile transmitters called base stations. Read the rest of this entry »
25. July 2016
That’s what I would call “meritocracy”, isn’t it? (hfk)
Source: The Wall Street Journal
Analysis by MSCI calls into question the idea that high CEO pay helps drive better results
MSCI found that $100 invested in the 20% of companies with the highest-paid CEOs would have grown to $265 over 10 years. The same amount invested in the companies with the lowest-paid CEOs would have grown to $367.
The best-paid CEOs tend to run some of the worst-performing companies and vice versa—even when pay and performance are measured over the course of many years, according to a new study.
The analysis, from corporate-governance research firm MSCI, examined the pay of some 800 CEOs at 429 large and midsize U.S. companies during the decade ending in 2014, and also looked at the total shareholder return of the companies during the same period.
MSCI found that $100 invested in the 20% of companies with the highest-paid CEOs would have grown to $265 over 10 years. The same amount invested in the companies with the lowest-paid CEOs would have grown to $367. The report is expected to be released as early as Monday. Read the rest of this entry »
7. July 2016
strategy + business, Published: May 26, 2016
The legendary management guru believes burying your nose in a book can be the most effective strategy for succeeding in business.
by Theodore Kinni
Tom Peters. You know the guy. He branded himself with an “!” after his name. He and Bob Waterman wrote one of the best-selling business books of all time,In Search of Excellence: Lessons from America’s Best-Run Companies(Harper & Row, 1982).
Peters is one of the handful of people who helped transform the business book genre from a staid backwater into a mass market — with 1.8 million titles in print, it’s the fifth-largest book category on Amazon. He has written 29 of those titles and sold more than 10 million copies of them. In the process, Peters helped define the term business guru and inspired more wannabes than Madonna. At age 73, he enjoys an engaged, multigenerational audience, including 135,000 Twitter followers.
Because Peters is a voracious reader, I thought he would make an ideal subject for my monthly “Required Reading” column for strategy+business, in which business notables call out a very short list of books they think leaders should read. But a brief call to New Zealand, where Peters goes to beat the New England winters, to discuss his four favorite books somehow turned into a one-and-a-half-hour marathon.
“I have to tell you a story about a neighbor of mine in Massachusetts who would be on anybody’s top 10 list of [Warren] Buffett–like people,” Peters opened. “I was at a dinner with him 18 months ago and, out of nowhere, he said, ‘You know what the number one problem is with big company CEOs?’ I said, ‘I can think of at least 70 things, but damned if I can narrow it down.’ And out of his mouth pops, ‘They don’t read enough.’” Read the rest of this entry »